Ford's GT40 Ferrari Beater Sells for $11M

Ford's GT40 Ferrari Beater Sells for $11M Play

Aug. 20 (Bloomberg) -- Deirdre Bolton reports on the sale of a Ford GT40 for $11 million at an auction in California. The GT40 was created by Ford in the early 1960s to beat Ferrari at long-distance sports car races, after the U.S. auto giant failed to buy the Italian company in 1963. The car won the Le Mans 24-hour race for four consecutive years from 1966-69. She speaks on Bloomberg Television's "In The Loop." (Source: Bloomberg)

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